PCO Cancellation of original tender buyback and relaunch at a higher tender price

Pepco Group N. V. announces the cancellation of its currently open tender buyback and the simultaneous relaunch of a new, revised pro-rata tender buyback of up to €400 million which offers all shareholders a higher fixed buyback price, and a re-initiated process allowing time for shareholders to consider their tender decision. The terms of the new share buyback are unchanged, apart from a higher buyback price and the associated timetable. The new tender buyback will launch today and is scheduled to be settled on 17 August 2026.